Answer:
I)member-related"
IV)filled last, as public orders take precedence
Explanation:
This are the options for the question;
I. "member-related"
II. "non-member related"
III. filled first, as non-public orders take precedence
IV. filled last, as public orders take precedence
We were informed from the question that A syndicate member places an order for a new issue municipal offering, that, if filled, will be placed in a municipal bond fund managed by that member.
This order order for a new issues municipal offering should be
1)member-related"
2)filled last, as public orders take precedence.
It should be noted that as a syndicate is associated with underwriting IPOs and they are commercial or investment bank. And the municipal bonds is utilize in financing public projects .
